1|Page
ILLINOIS HEALTH PRE-LICENSING CERTIFICATION
EXAM ACTUAL PREP QUESTIONS AND WELL
REVISED ANSWERS - LATEST AND COMPLETE
UPDATE WITH VERIFIED SOLUTIONS – ASSURES
PASS
Producers must report felony convictions to the Director within ___ days after the
entry date of the judgement.
30
Which of the following actions is NOT required when a producer is replacing a
Medicare Supplement policy?
Producer must notify the Director of the replacement
Q the producer gave his client a rebate as an enticement to purchase insurance. Q
may be found guilty of a
Class B misdemeanor
Q the producer knowingly misappropriated fiduciary money in the amount of
$150. This is his second offense. Q will likely be charged with a
Class 4 felony
Which of the following MUST be delivered with a Medicare Supplement policy?
Outline of Coverage
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Stating that dividends are guaranteed is considered to be
misrepresentation
Who issues Medicare Supplement policies?
insurance companies
Within ___ days after policy delivery, a Medicare Supplement policy can be
returned for a 100% premium refund.
30
XYZ Corp was issued a group health policy for its employees. Under this plan a
policy must be issued to XYZ, and a certificate must be issued to each employee
The Director of Insurance is authorized to
make reasonable insurance rules and regulations
The holder of a business entity registration is REQUIRED to notify the Director
within ___ days of a change in office location.
30
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A Long-term care policyholder has ___ days to return the policy after policy
delivery and receive a full premium refund.
30
Which of these accounts are producer license fees deposited into?
Insurance Producer Administrative Fund
Which of these actions is the Director empowered to do?
Administer insurance licensing exams
A Medicare Supplement policy can be cancelled by the insurer for
nonpayment
A Medicare Supplement policyholder has ___ days to return the policy and receive
a full premium refund.
30
Which of these is a REQUIREMENT for obtaining a nonresident insurance
producer license?
ILLINOIS HEALTH PRE-LICENSING CERTIFICATION
EXAM ACTUAL PREP QUESTIONS AND WELL
REVISED ANSWERS - LATEST AND COMPLETE
UPDATE WITH VERIFIED SOLUTIONS – ASSURES
PASS
Producers must report felony convictions to the Director within ___ days after the
entry date of the judgement.
30
Which of the following actions is NOT required when a producer is replacing a
Medicare Supplement policy?
Producer must notify the Director of the replacement
Q the producer gave his client a rebate as an enticement to purchase insurance. Q
may be found guilty of a
Class B misdemeanor
Q the producer knowingly misappropriated fiduciary money in the amount of
$150. This is his second offense. Q will likely be charged with a
Class 4 felony
Which of the following MUST be delivered with a Medicare Supplement policy?
Outline of Coverage
,2|Page
Stating that dividends are guaranteed is considered to be
misrepresentation
Who issues Medicare Supplement policies?
insurance companies
Within ___ days after policy delivery, a Medicare Supplement policy can be
returned for a 100% premium refund.
30
XYZ Corp was issued a group health policy for its employees. Under this plan a
policy must be issued to XYZ, and a certificate must be issued to each employee
The Director of Insurance is authorized to
make reasonable insurance rules and regulations
The holder of a business entity registration is REQUIRED to notify the Director
within ___ days of a change in office location.
30
, 3|Page
A Long-term care policyholder has ___ days to return the policy after policy
delivery and receive a full premium refund.
30
Which of these accounts are producer license fees deposited into?
Insurance Producer Administrative Fund
Which of these actions is the Director empowered to do?
Administer insurance licensing exams
A Medicare Supplement policy can be cancelled by the insurer for
nonpayment
A Medicare Supplement policyholder has ___ days to return the policy and receive
a full premium refund.
30
Which of these is a REQUIREMENT for obtaining a nonresident insurance
producer license?
